Bank of America Corp. said Thursday that it plans to eliminate 7,500 jobs after it buys the Calabasas, Calif., mortgage lender Countrywide Financial Corp.
The $1.76 trillion-asset Charlotte company said the cuts would be made over the next two years, with notifications starting next quarter.
B of A said it expects to make cut throughout the country, mostly in staff support and other overlapping areas.
In addition, B of A said that it plans to close the deal Tuesday, and that this week's approval by Countrywide shareholders was the last significant hurdle.
